Details 💫:
Following a massive $285 million exploits on April 1, 2026, the Solana-based decentralized exchange (DEX) drift protocol is migrating its settlement layer away from circle's USDC towards Tether's USDT.
This decision follows a significant, contentious security incidents where roughly $230 million in stolen USDC was moved across chains, leading to criticism of circle's failure to freeze the fund.
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